Santa Cruz County Measure H – Housing Bonds -I’m voting YES
This would allow the county to sell $140M in bonds, (basically taking out a loan from taxpayers) in order to increase low income housing. The breakdown is as follows (from ballotpedia).
- $105 million (75 percent) toward construction of 1,041 rental units and accessory dwelling units for low-income and moderate-income households;
- $21 million (15 percent) toward homeless facilities and year-round shelter; and
- $14 million (10 percent) toward loans for first-time homeowners
A two-thirds (66.67 percent) supermajority vote is required for the approval of Measure H.
The interest on these bonds would be paid off by increasing property taxes between $12 and $17 per $100,000 assessed value.
Supported by: Michael Watkins, county superintendent of schools, Raymon Cancino, chief executive officer, Meals on Wheels and Lift Line, Katherine Beiers, former mayor of Santa Cruz, Thomas Broz, organic farmer, county farm bureau president, Keisha Frost, chief executive officer, United Way of Santa Cruz County.
Opposed by: Colonel Michael “Terry” Maxwell, retired military officer, Carmen Bernal, senior, Beverly Costello, homeowner, Kris Kirby, business owner.
It looks like a good thing to me.